Quote:
Originally Posted by El Conquistador
Dealers control that market, I'm sure transactions are down 50 to 80% over the last month.
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Dealers don't control the market. Rolex (supply side) does.
Dealers don't have any supply control over SS models. It's not like dealers are artificially decreasing supply of stainless Daytonas, GMTs, etc. No, they don't have any inventory to begin with because Rolex etc. have been limiting production.
With the factories shut down (I heard through end of April, could be wrong) supply will be even lower coming out of this...so no, you won't have dealers sitting on a magical increase in inventory they're trying to offload.
However, you have plenty of people (collectors, resellers) that may try to off-load their inventory. If we start seeing more supply and prices going down, it won't be because of dealers, it will because of all the resellers and speculators.
I'm only referring to SS models. Precious metals could be a different story.